Atrium Mortgage Investment Co. to Issue Monthly Dividend of $0.08 (TSE:AI)

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.075 per share on Thursday, December 12th. This represents a $0.90 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend is Friday, November 29th.

Atrium Mortgage Investment Price Performance

Atrium Mortgage Investment stock traded up C$0.01 during midday trading on Wednesday, reaching C$11.00. 21,449 shares of the stock were exchanged, compared to its average volume of 39,912. The company’s fifty day moving average is C$11.44 and its 200-day moving average is C$11.18. The company has a debt-to-equity ratio of 78.58, a quick ratio of 102.54 and a current ratio of 62.51. Atrium Mortgage Investment has a 52 week low of C$9.95 and a 52 week high of C$12.00. The firm has a market cap of C$489.72 million, a PE ratio of 10.55 and a beta of 1.21.

Atrium Mortgage Investment (TSE:AI) last released its earnings results on Thursday, August 8th. The company reported C$0.26 earnings per share for the quarter. Atrium Mortgage Investment had a return on equity of 9.48% and a net margin of 81.77%. The company had revenue of C$24.93 million during the quarter. On average, sell-side analysts forecast that Atrium Mortgage Investment will post 1.0597015 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$13.03 target price on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a report on Tuesday, August 20th.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.